Steel price report as of January 3, 2017

Posted on 04 January 2017
 

Steel Prices in China

Unit: yuan / ton

                   

Product

Specification       

Beijing

Tianjin

Shenyang

Shanghai

Nanjing

Jinan

Zhengzhou

Wuhan

Guangzhou

Nanning

Chengdu

Kunming

Xi'an

高线 Wire Rod HPB300

Φ6.5mm

3380

3200

3180

3540

3530

3420

3290

3360

3720

3680

3340

3870

3400

螺纹钢 Rebar HRB400

Φ16mm

3090

3050

3060

3200

3270

3150

3340

3230

3720

3720

3230

3840

3300

角钢 Angle Bar Q235

5#

3330

3320

3320

3320

3400

3330

3560

3550

3450

3580

3700

3370

3400

中厚板 Plate Q235

20mm

3500

3420

3460

3400

3460

3550

3380

3550

3810

4030

3830

4050

3470

热板卷 HRC Q235

3.0mm

3900

3900

3700

3920

3970

3870

3900

3980

4010

4230

4020

4320

3930

冷薄板 CRS SPCC

1.0mm

4800

4800

4780

4750

4850

4840

4810

4810

4850

5030

5200

4850

4720

Source: CISA

  

Average price

Price (yuan per ton)

Up/down (from the previous day)

8mm HPB300 high speed wire rod

3408

↓6

20mm HRB400 rebar

3282

↓11

2.75mm hot-rolled coil

3954

↓7

1.0mm cold-rolled coil

4708

↓8

8mm medium plate

3909

↓15

Source: SteelHome

 

Long steel

  • East China, domestic, grade III 16-25mm rebar, traded at 3,100-3,150 yuan ($446-454) per tonne, including VAT. North China, domestic, grade III 16-25mm rebar, traded at 2,920-2,940 yuan ($420-423) per tonne, including VAT.– source: Metal Bulletin

 

  • Shagang’s price for 16-25mm diameter HRB400 rebar remains at Yuan 3,550/metric ton ($511/mt) ex-works including 17% VAT. Shagang announced it was holding its HPB300 wire rod price stable at Yuan 3,630/mt including VAT for sales in the same period. - source: Platts

 

  • Platts assessed 16-20mm diameter BS500 rebar at $420/metric ton FOB China actual weight Tuesday, unchanged on the day. - source: Platts

 

  • Platts assessed deal prices for 18-25mm diameter HRB400 rebar down Yuan 25/mt day-on-day at Yuan 2,980-2,990/mt, ex-stock actual weight and including VAT. - source: Platts

 

Flat steel

  • East China, domestic, commercial-grade HRC (4.5 -12mm), traded at 3,720-3,760 yuan ($536-541) per tonne, including VAT. North China, domestic, commercial-grade HRC (4.5 -12mm), traded at 3,630-3,660 yuan ($523-527) per tonne, including VAT. – source: Metal Bulletin

 

  • China, base export offer price for commercial-grade, boron-containing HRC, traded at $510-520 per tonne fob, February shipments.  source: Metal Bulletin

 

  • Platts assessed SS400 HRC 3.0mm thick at $495-498/metric ton FOB China, implying a midpoint of $496.50/mt that was down $1/mt from last Friday. In Shanghai’s dealer market, Q235 5.5mm HRC was assessed at Yuan 3,700/mt ($532/mt) ex-stock with 17% VAT, flat from last Friday. – source: Platts

  

Semis

  • China, billet, domestic, traded at 2,750 yuan ($396) per tonne, including VAT, at 3pm. – source: Metal Bulletin

 

Steel Prices in Other Countries

 

Scrap

  • Metal Bulletin’s daily index for Northern Europe-origin HMS 1&2 (80:20) closed on Tuesday at $280.84 per tonne cfr, unchanged day-on-day.- source: Metal Bulletin

 

  • The daily index for USA-origin material closed at $289.59 per tonne cfr, also unchanged. - source: Metal Bulletin

 

  • For January 3-6, Feng Hsin’s buying price for domestically-sourced heavy melting scrap 1&2 (80:20) declines to TWD 7,400/mt while the mini-mill’s rebar list price stays at TWD 14,800/mt ex-works. - source: Platts

 

Semis

  • The latest imported billet offers to Turkey from the CIS were in the range of $410-415/mt CFR. - source: Platts

 

  • S&P Global Platts assessed its daily CIS export billet price at $397.5/metric ton FOB Black Sea Tuesday, stable on day. - source: Platts

 

  

Bar/ Wire rod

  • S&P Global Platts assessed Turkish export rebar in the range of $430-$435/metric ton FOB on Tuesday, giving a midpoint of $432.50/mt FOB, down $2.50/mt from Friday last week.- source: Platts

 

  • Taiwan’s leading rebar mill, Feng Hsin Iron & Steel, has decided to roll over its rebar list price for the first week of 2017, while cutting its scrap procurement price by TWD 200/metric ton ($6.2/mt), a company official confirmed Tuesday. - source: Platts

 

  • S&P Global Platts on Tuesday raised its monthly US standard pipe assessment to $900-$950/st ex-works, up from $800-$820/st. - source: Platts

 

HRC/P

  • S&P Global Platts maintained its north European hot rolled coil price assessment at €560-565/metric ton exworks Ruhr Tuesday. - source: Platts

 

  • US HRC price assessment steady at $590-$600/st - source: Platts

 

  • S&P Global Platts maintained its daily HRC and CRC assessments at $590-$600/st and $800-$820/st, respectively. Both prices are normalized to a Midwest (Indiana) ex-works basis. - source: Platts

  



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